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three in israel. the u.n. warns netanyahu to avoid a new cycle of blood shed. and president obama throwing down a challenge to congress as he gets set to begin critical budget talks on friday. >>> i want to bring you the italian gdp figures. italy is just the latest p second quarter figures were revised higher to 0.7 contraction from 0.8. third quarter gdp looks like it's fallen 0.2% on the quarter. that's better than was expected. it was expected to fall by about half a%. it is down 2.4% on the year. we'll get the rest of the eurozone figures out at the top of the next hour. >>> also coming up, we'll be live in beijing with updates throughout the show as xi jinping it takes over as the head of the communist party. we'll be in frankfurt for a look at how that economy has been affected. gdp showing a slowdown for germany in the third quarter. and we'll hear from the former head of the council of economic advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeate
week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. right now we're seeing the yield on on the ten year bund just a little bit higher. we're seeing a bit of buying taking place in the spanish and italian debt market on the ten year and a little bit of selling on on the gilt. the currency mar
assembly is the the wrong place. >> before being secretary of state, you were the ambassador to the u.n. and you've raised this issue in the past. is the u.n. losing its efficacy, is there a better way going forward to address some of these key issues? >> well, i believe in the u.n. and the security council and what has been interesting is the number of resolutions that have been taken, but ultimately what needs to happen is cooperation i think with a regional organization and one looks at what the tools are for doing something. so nato is a very important part they are in all these activities. so from their vantage point of a professor at this time, i think it is interesting to kind of look at what the tools that are available. but the united nations is the voice of the international community. what is really disappointing is the role that the russians are not playing. by taking a stand that is not helpful in terms of supporting the international community. >> would you extend that to their stance with regard to iran? >> well, i think that the iran situation is different. what is inter
. on libya, it was the whole leading from behind. he used the u.n., nato, much more of an internationalist, using the transatlantic institutions, networks that are in place to sort of bring europe back into the fold, firm up the alliance. let's remember romney did make his own campaign trip to europe. it will be remembered mostly by his gaffes in britain and poland, but it's telling that he chose britt tip and poland as places he visited. toes were two members of the bush era, both members who participated in the iraq war, full supporters of that war. is there was worry that the national would be pushed aside. particularly among foreign policy elites here in europe. >> peter, thanks for that. good to speak to you. >> we're also on central bank watch this week and the rba decided to hold off on further easing. this report comes from sydney. >> it was always going to be a call and it has surprised some in the market leaving rates unchanged. aussie dollar hitting session highs above 1.04 u.s. the banks did leave the door open for further stimulus highlighting the strength in the aussie dollar
the center of negotiations, really. the u.n. secretary-general is also in the region. so we seem to have the power players of the diplomatic world in the region, trying to come together with some terms to stop this violence. but violence continues, even though it seemed like we're so close to a cease fire, the finer details are being worked out, the violence continues in gaza. overnight, israeli defense forces attacked again about 100 targets in the gaza strip. today, the militants within the gaza strip have launched about 30 rockets into israel, so the violence continues, even though we seem to be getting more and more people involved in making a cease fire come to a conclusion and end this violence as we begin this second week of this conflict. ross? >> thank you for that. we'll talk to you a little bit later. chapman bell from tel aviv. >>> officials from six world powers are meeting in brussels to plan for a possible new round of talks with iran to avert the threat of a military conflict. also, japan's trade deficit has widened, exacerbated by territorial tensions. now we have the de
. and the u.s. treasury says the u.n. is still undervalued but stopped short of labeling china a currency manipulator. it says china has allowed the u.n. to appreciate 20% since 2010. >>> a new report suggests the u.s. treasury has fewer tools available to stave off a default that it did in 2011. if congress fails to increase the debt ceiling by year end. the bipartisan policy center says the u.s. will hit the $16.4 trillion limit in the last week of december with big payments due -- get this -- on new year's eve. >>> there's still time to scrounge up $2 if you're in the u.s. and go buy a power ball lottery ticket. the jackpot for tonight's drawing, which will take place at 10:59 p.m. eastern, is a record $500 million. it swelled in the past few days. earlier, the megamillions lottery hit a previous record jackpot of $656 million. the power ball is played across 42 u.s. states and the odds of winning it all are one in 175 million. now, if only that could help us solve the fiscal cliff and our debt ceiling issues, then it would really be something. e-mail us your thoughts. and if you're bu
, she along with secretary general ban ki-moon of the u.n., they will push for the cease fire. she first meets in israel with netanyahu to try to see what she can do to get the cease fire in order. because this is day seven now of this conflict where it continues. overnight the israeli defense force targeted 100 different attacks within gaza by air and sea, targets they said were necessary to stop the flow of missiles and rockets out of gaza, underground bunkers, store am depots and even financial institutions for hamas. this morning militants within gaza responded with volleys of rocket there is to israel -- into southern israel in response to the overnight attacks. so there's a growing call for this cease fire particularly over 100 people killed within gaza now. 26 of those are children. so nearly a quarter killed has been children which is growing to the call of a necessary cease fire to figure out how these two sides can come to terms to stop this violence for now. >> okay on. thanks very much, chapman. shareholders of glencore have approved the deal with ex-trxst. we'll get more on
Search Results 0 to 6 of about 7

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